 presentation of T. M. The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618. Let's go to John and I'll end it. Hey John, what's going on brother? Hey Tom, good afternoon to you. How are you? I'm doing great man. I want to thank you first of all before I ask you about the stock. You and Timord and all the gang at T. F. M. I had a really, really good year after the October call you guys made. My 401k is up 72%. Congratulations man. A couple of things I made with Coinbase and other stocks that I made and I've had a good year. And we appreciate you growling and prowling with us man. That's a beautiful thing. Now Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We've got five days a week. We go seven hours a day. We go 24 hours a day on the internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever you focus on grows. Hope everybody's having a great day, safe day. It's making a great year folks. 2024 coming at us man. You are what you believe you are. I figured I wanted to start the year off with this card because this is where it's at. Humans, a power for magicians. You have the power to make yourself what you are right now, but it's not your reasoning mind that controls your power. It's what you believe. Mock it wise. Let's take a look at it out here. We have the Dow Industries down 99. Nasdaq off 321. S&P's down 53. Gold. Gold contract on $2.50. Trading at 2,069. We have Silver off 20 cents. $23.88 an ounce. Lightsweak crude out of buck 15. Trading out at $70.50. Notes and bonds. You get the 10-year note. Trading down 19 ticks. $1,1209. The 30-year down a full point plus 5 ticks at $123.10. $123.25 rather than $Kingdoll. $Kingdoll is up 851 ticks. Trading out at 102.182. Euro 109. Yen at 141. British pound at 126.1 US dollar. Our phone number is 877-927-6648. Give us a call, folks. One note's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, bottom line, people are sneaking out of the market on Friday. You're going to be able to see this on the volume. Expansion on the way down on Friday. And this was quite a move. Because this actually happened at the end of the day, folks. Because when we were on the air, the volume was still light. Meaning, you know, the last 10, 15 minutes. This got down the last 10, 15 minutes. You can see that acceleration on the way down, which is $122 million as we rounded that top up there. So now what you have is that you're down 64 million. You're down four and a half bucks. You get two different areas here. You know, when we went topside, well, topside quite a while. Where I'm going to bring you right now is just these high volume. The first one is where we had come down a week and a half ago. That had some volume there, but I think the bigger one is going to be when we actually broke topside there, which is at 470, you're talking about a 454. Yeah, it's a 454. I want the eye doctor tomorrow too, folks. I'm getting new glasses. I'm going to move these screens closer to that's what I have to do. Anyway, that's not a strange right there. That's where this probably is going to go into. So we'll see how the volume contracts as we get into it. Right now, there's absolutely zero fear out here for sure. I'll show you that in a second. If we go look at the cues, take a look at the cues. The cues, you know, get a wide-price spread going for them. The cues broke a swing point. Now, are they going to break that volume? It looks to me like we're going to do the volume. We're at $43 million. This will do $10 million coming into the close. So you're breaking that swing with volume. That sets up, and the cues, it sets up a lower price because there's no, what we're doing right now is we're going into the same place that I was talking about. But if we do the $64 million, a $54 million, that means you're coming into the same area with the same amount of volume that we went up on. And what would happen there is that knowledge just blow it apart and go to the next level. We take a look at the notes and bonds. They're all, you know, that dollar bouncing, and well, first of the year, you know, you get a million different things happening. 1.2 million contracts. Now, the 1.2 million contracts in the 10 year, we're down 18 ticks. You're 3.9, 3.7 was established last week, but you can see what we're doing here. You're going to need a lot more volume inside the bond market to blow that apart because you're coming into 2.3 million as well as 3.1 million, you know. So yeah, I can get down a little bit more, but there's still not enough selling inside of that market to go to a lower price. Gold contract. We take a look at the gold contract. That still wants higher price. What's intriguing, of course, is that, you know, you have the dollar down so dramatically and up so dramatically and gold's holding its own, but I'm sure that's because of the Middle East. Now we're talking just political stuff that's keeping gold up versus the actual store value, because the store value is there too because of inflation, folks. So gold's backing down, backing down with light volume, and then we go into the dollar. We take a look at the dollar. This is what we have to get as to where this dollar wants to go because it's been a straight line moved down and then if we take, I'm first going to take the whole move. So if I take the whole move and do a .382, you're at the 103 area. Yeah, 103 area. That's one way of looking at it. Then if we take it, I suspect the 103 is going to be game because if I just take the last leg, that's just not enough. The last leg, you're already over .382. Yeah, I'm going to go with that 103. Let me get this straight again. 103, what? So we take a look at this. I'll do the whole move. 103, 172. Yeah, so that's about 1,000 points, 1,000 ticks away from where we are right now. And when we're talking about the aspect of fear in the marketplace, we don't have it. Take a look at this. In fact, it's just the opposite because what you had happened at about 10.30 this morning, this is the tick index, right? And so normally you're looking for minus, minus. We've only had a minus 1,079. We had a plus 1,300, man. So forget it. That means we want lower prices that are going to continue at us. And then if we take a look at the trend, it's the same deal. The trend's laying out at 9.5. And that's just 9.5 saying, hey man, no one's worried about anything. And we know how this goes. In order to basically come into some kind of a low, you need to worry in the marketplace. And right now there's zero. And listen, I get that. I get that. Big run up. People want to take money. Apple, Apple is in trouble, man. Apple, you know, the Nasdaq, that's what's taking that self and keeping itself. Look at that expansion, man. Apple's in this lower range right now. So Apple's down $8.5, you know, $183, $175 game with Apple. Stay right there, folks. Come back with our man, Mr. Basil Chapman. We'll be talking markets 2024. Down 82, Nasdaq got 326, S&Ps up 53. We'll come right back. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute Webinar Archive. He just hosted Forex Strategies and Fundamentals What is Behind the Tiger Forex report. For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN Educating Investors. Your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter Market Insights firsthand. TFNN Educating Investors. The Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, and now they are expanding their reach with the Tiger's Den, available to all tigers and tygruses for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tygruses as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well, so it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. Down in Justices right now, trading down at 7, you get the Nasdaq off 310, and some P's are off 50. Let's get over to our man, Mr. Basil Chapman, as we do each and every Tuesday. And don't forget, folks, Basil has an outstanding show here every trading day, 10 to 11 Eastern Standard Time. Also, there's a great newsletter, The Opening Call. Now, it's very easy to get Basil's newsletter, folks. Come over to our website at TFNN. You're going to see it right under featured content. It's going to say you're going to see The Opening Call subscribe a webinar. Well, we're going to bring that down, but if you just hit that, what you're going to be able to do, yes, what you're going to be able to do is you're going to hit Subscribe, and you're going to get two different things. You're going to get the newsletter. $149 for a month. For six months, it's $6.95, which is the savings of $199 or 22%, and you get a full year for $11.95, which is the savings of $592, a 33%. And what you will also get here, okay, you're going to get a great newsletter, but you're also going to get the webinars that Basil has done, because they're all laid out right on the page. Now, they all come with a 30-day money-back guarantee, folks, okay? So, as you subscribe, if it works for you, awesome. You get the great newsletter. You get all the archives. If it doesn't work for you for some reason, just give us an email, 28th, 29th day. You get your money back, and you still have got a great newsletter plus the archive, so you understand how Basil looks at the market each and every day. Happy New Year, Basil! And a very happy New Year to you, Tom, and to the whole TFN staff and all our hosts, and certainly to our listeners, that it would be a really healthy and rewarding 2024. That's a fact. Amen. I like that, man. I like that. So, where do you want to start? So, I thought I'd just review a little bit of what I was looking at the last few days of the month, of last month of 2023, and what I was saying is that every single thing that I look at, all the charts on the dating, not the weeklies, and I'll talk about that in a moment, but the dating charts all look to me like they're overextended based on at least two of my many indicators, and those indicators have worked really well for me, so I said that we've got to become a little careful. We are long, but on Friday, we started two short positions. One was in the Dow, even though the signal that I had wasn't exactly like the one in August 1st. I had an unbalanced volume reversal plus the DOG, that's the one-to-one short, gave me a signal to say, hey, the Dow should turn right here and it should be very strong to the downside. This has some of the characteristics, so let me go through them. So in the Dow, the dating chart, still strong. I just wanted to show this for a moment because in the chart, maybe looking for the lowest low bar account, each successively higher peak, I'm anticipating that a buy signal goes to a buy mode, meaning it's upgraded and should go to at least four higher peaks. I alphabetize them sequentially. A, the next peak is B, then C, then D, but it's a D that other things can happen. So it's the chart's obligation. Once it's in a buy mode to go to at least a D, the fourth highest peak, it can do other things. Now, one of the things I spoke about, and I think it was last week you spoke to me, you said, tell me about that instant restart at D and I said to you, it happens in very strong markets where there's a very strong move to the upside. We get to that fourth highest peak and then instead of just breaking down what happens within three bars, it goes to a higher high and right at that time I have an alternate count that says the next peak is E but it could also be an A, a brand new bicycle. So the instant restart is the only time that almost immediately you can get a signal that says it's so powerful that it can go to another four higher peaks. Well, it went to E, which is E-A, then it went to F, which gave that big strong red candle. Remember that was at Wednesday. We had actually gone short the SMHs via the SOXS and we got a really nice single day pullback and then we covered everything and then the market continued higher. So what happened is last week we made a G slash C. In other words, we got to the sixth highest peak. There's never an H. So at that point you have to think, well, what's going on? Over the last year and a half, particularly the last six months, there have been so many PGs that had what I call a G slash C, an alternate count that said, don't get too sure about things right now because there could be a little bit of a pullback and then a momentary punch to a slightly higher high, which gives you D and then you've got to be careful. So as I say, we are short. We've been long the Dow from March of 2020, long from the October low. We've got both the diamonds and the three times long, but at the same time on a very short term basis, I said, you know, I just, everything I'm looking at suggests that we've got some kind of a turnaround. So we are short the Dow, but look at this weekly candle. So there's a kind of a dichotomy here between short term, many, many of the charts are showing really serious signs of being overboard, meaning they should digest. It doesn't mean they have to collapse. Just a digestive sideways to down move, but those weekly charts are really strong. So until this closing Friday, I need the full week to look at it, which made a new higher high. That means both the weekly and the daily, sorry, the weekly and the monthly, you remember I was speaking to you and I was saying, if all of January there is no new higher high, even by one penny above the December high, then we've made a peak. But if there is a move that goes even just one penny above December's high, we've extended this leg C. That means you can't get to peak C until all of February. You can't get a leg D until March, and you can't get a peak D until April. So that's very bullish. Which I think we did the swanin'. Didn't we do that? I think we did. And what did we do this morning? We went to a higher high. Right. It's a technique that took me years to develop and I could never believe that it was, that it gave these kind of readings anyway. So now we are short, but this is just the start. I think we've got to be a little careful here because the Dow is really the Dow 30. It's really not an industrial anymore. So it's got to mix. So that's a little different. You can even see in the XLF today, we are still a long, where did that go? Bank of America, that sector, and it's very important that this sector, that the financials hold quite well. You can see, look, the financials are holding nicely. The XLF is actually up five cents. But this is the issue. As you and I have discussed for forever, that where the semis go, the general market tends to follow. And I did all my homework on the semiconductors and I said, okay, Friday we went short, but we went short via going along the SOXS. That's an ETF that is a short ETF, but you buy it and you don't think you're going to have to go short or anything like that. It goes short for you. So you buy it and if it moves up, that means the market's going down. So we've got the SOXS. We got it the day after the high. And one of the things I used, this is just one of the many techniques that I used, but this one to me is really important. And you can see, here's the Dow. This is the on balance volume. Here is the high that was made. August the first where we went short and you can see, look, it went exactly, you've got algorithms, you've got all sorts of things. You've got every single technique in the book. And the most simplest thing of all I found is on balance volume. There's Joe Granville's on balance volume. So running total of prices. If the bar closes up, you add it to the running total. If it closes down, you subtract it. So here we've made a top. So the estimators gave us a signal just as the Dow did and look how sharply they've turned down. We've got about a 60% gain so far on the S-O-X-S, but we'll see what happens. But this is the signal that gave it to us. And folks, it's very easy to get this newsletter to come over to that website at TFNN. You can see right at the featured content where it just says Basel Chapman. Just hit that button. Basel have a great one. Stay fun. We look forward to show you tomorrow. Thank you very much, Tom. Stay right there, folks. Come right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basel Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basel Chapman and your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year, an amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At TFNN, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit TFNN.com and try Mastering Probability 30 Days Risk-Free Today. TFNN Educating Investors You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious tech, either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN Educating Investors Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back folks to Dow. Dow right now down 80. We get the Nasdaq off 308. S&Ps are off 50. Let's get over to our man Tim Or as we kick off 2024. And don't forget folks, you can reach Tim every trading day at www.Ord-Oracle.com www.Ord-Oracle.com Tim Or, happy new year. Yeah, happy new year to you too. So, actually I sent over some charts. Oh, I got them all. This is going to be a beauty folks. I can't wait to hear this one man. Right. Did you get chart number seven though? I did, yes I did. All right, all right. So, anyhow about, I don't know, ten minutes ago, I can't, I don't know, a few minutes ago, I sent out a notice or an update, I guess. We're going along, we're going along on the SBX on tonight's close. And the only reason why I'm doing that is it's chart seven here. Okay, that's right. That's why I was so excited to have you. Well, I'm always excited to have you on, but as soon as I saw that come across, this is now, okay. This is kind of a obscure stuff, but anyhow it worked over the years, but anyhow the bottom window, it's a ten day arms. Tim, I'm sorry, which chart do you want me to start with? Seven? Yeah, chart with seven. Okay, here we go. There we go, okay. All right, anyhow I sent out an alert just a few minutes ago. Yes. And the reason why I sent this alert and there's some other stuff going on on the bigger time frame is we'll cover it, but usually you get to train up around 1.2, you don't really, you're getting close to some sort of a low. It doesn't mean it has to be the same day, whatever, but what really has worked over the past actually several years is when the market's up five days in a row, or six or seven, but at least that five days in a row the market's usually higher, a 3% of the time within five days. So anyhow, we were up five days going into December 28th and we fell back a couple of days, but it shouldn't be the final high. I see. So I'm thinking either today's the low or possibly tomorrow turn around Tuesday. Okay. But normally when you get five days up in a row the market will be higher within five days and a lot of times it's over a percent, sometimes so I'm thinking the next rally up we're probably going to hit new highs and stuff, so that's the reason why I went long on tonight's close. So wherever it's tonight's close this is where I'm long, so I like how that works out. Okay, good. Good, I get it. Because we certainly don't have fear in the market right now. It's not a lot, and I'm thinking what the pattern's going to form here if you do a Fibonacci relationship today on today's decline it's over 61.8% to the downside. So I'm thinking this is probably three drives to a top pattern. So we already have two lows if today or tomorrow is a low, and we had a low back on, you know, that red that red candle there. Yes. You know what, seven days ago that's low one, today's low two. Yeah. Then we make a higher high than that be three drives to a higher high than a lot of times it's going to happen here. Okay. It's not going to be a long-term rise up. I think it's going to be a higher high than we're going to probably start entering into some sort of a consolidation phase through January. Which would make sense. No, that's pretty cool. Okay, I got it. I got it. Okay. All right, so it's maybe a 2-3% trade so nothing huge. Yeah. Okay, start chart number one. Okay. We've gone over this so many times since November. That's all right. But there's just kind of a review. Yeah. On October 27th, we had the summation index at 813 and for a bullish image term triggered to occur the summation has to go below minus 700 which is like a selling climax. Yeah. Then within two, within around two months, it has to go above plus 1000 to show a sign of strength. And that's what happens at image term lows. And I marked all those image term lows going back to 2007, wherever it is. And on December 27th, exactly two months we got above plus 1000. And this is the date there is looks like December 28th, whatever and we're at 1078. But you know, there's high probability the next 12 months will be up because of this indicator. Yes. And they really work pretty good. Has there been failures? Not many, but if you go back 50 years, you probably could find some but going back to the last what 10, 15 years there's none. So Sony out that's bullish air midterm. Let's flip to chart two. Okay. Chart two the middle window is the SPX VIX ratio and it kind of shows what's going on in here. We're starting to get a divergence and the pink areas show the times when the SPX was making higher highs in this ratio is making lower highs and it happened back in December of 2022. You got a minor high what market went down. You got another one July of this year late July early August where the SPX were going higher. The ratio kind of went sideways. But if you look at the VIX, which is top window, it actually did make lower highs or higher lower lower high. So yeah, it was making higher lows as the SPX were making higher highs and that's diverges. And we got one right now where the SPX over the last couple of weeks is making higher highs and this ratio is also making lower highs. So that's why I'm saying probably the next rally on the SPX we hit another new high and this ratio does not hit a new high. Then we're probably going to have a some sort of a worthwhile consolidation in July or in January. How big a one? Yeah, I don't know. We'll have to wait and see. You know, I don't have a crystal ball. Yeah. It's pretty interesting today, Tim. We had the VIX get up to 1423, but it has already given up. It's only a 1344 right now. It gave up quite a bit of it. So it's kind of intriguing actually. Yeah, I watched that too. It really blasted open on this morning. It really went up. Then it kind of came back. It's still up. There's a little divergence here. Sometimes I play these short term trades and sometimes you get spanked a little bit. I'm thinking I'm going to be all right in this one, but I think it's a 2-3% trade. So I'm thinking I'm taking it. If it's 1% or less, I think no, no. I get it. I can tell you, I'm surprised that, you know, the Dow Industries actually went positive today at one point. The S&P, well, the Nasdaq's a different animal, man. I mean, the Apple's taken the Nasdaq's health in a monster way. But, you know, the Dow Industries went green. It's like, really? But it did. It's red now, but it went green. Yeah, there's not a lot of stocks in it. You know, who knows? I don't even pay attention to that thing anymore. But, Nasdaq's kind of important, but this is the FBX ratio is giving kind of a warning sign. You want to go to chart 3? We're almost out of time, I know. I get to chart 3 here. Let's just wait for a second. We'll start chart 3, folks, as soon as we come back. And don't forget, you can get hold of Tim. You can get his newsletter on www.aud.rd-oracle.com www.aud-oracle.com www.aud-oracle.com We have the Dow Industries right now at 75. Nasdaq off 314. S&P is off 51. Tim and I are going to be coming right back, folks. Stay right there. If you're looking for potential trading setups in the stock market, then Rocket Equities & Options report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities & Options report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com TFNN Educating Investors Funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distribute your four-side fund services LLC. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the newsletters tab on the front page of TFNN.com. TFNN Educating Investors TFNN has launched the Tiger's Den hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. The Tiger's Den, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by Vista Gold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks. Tim or Tom O'Brien. We do appreciate your growling and prowling on us out here. We have the Dow Industries trading down $1.7, Nasdaq's off $314, S&P's to down $51, and I have let's see. I think I can shot three up, Tim. Is that right? Yeah, chart three. Yes, okay. That's what I have. Yes. All right. So chart two is the SBX-VIX ratio. Chart three is the VIX to BVIX ratio. Yes. And these ones on the VIX seem to work pretty well. They kind of give you a head of heads up. The time that what's going on right now, the S&P's are making higher high. If you look at back in July with that previous pink area, the S&P's are making higher highs, that ratio which is going straight up. We got something similar here going here. We got the S&P's making higher highs and this ratio is making lower highs. So something's coming at us probably, you know, the next couple of weeks, whatever, you know, I don't think it's today. I don't think this is the one to catch to the short side here because I think as of chart seven, we're thinking about, but anyhow, this is a warning sign that we're probably having some sort of consolidation sometime, you know, it's starting to look like maybe mid-January or something. You know, not this week, maybe next week, let's wait and see. So that's two different ratios showing kind of a sign that January may not be enough month. I'll put it that way. So let's go to chart four. Okay. Now, this is the VIX-6 ratio also, but it's on the weekly timeframe. Right. So this looks at the bigger trend. So, you know, if we do get a January pullback sometime to say second half of January, but this ratio here, you know, it's not showing any divergence at all. So that next decline we may have in January at some point, you probably want to buy it because the bigger trend, according to the weekly VIX-6 ratio, is making lower lows as the SP is making higher highs and that's the positive divergence. So we're not having any major divergence on the bigger timeframe yet. This kind of goes along with our, you know, the summation index sitting below minus 700 rallying to plus 1,000. Yes. This is another way to look at the market on the bigger timeframe. Okay. Nice. Yeah. So we get a flap in the face a second week in January. This is one of the reasons why you should probably buy it. Nice. Because the ratio is not showing any deterioration on the bigger timeframes. So that means bullish. So, we got 5 minutes left. All right. Yep. Let's go to chart 5. Okay. And it's hard to make charts really legible and I try to break them down where you can kind of look at them and see what's going on. And this chart, the middle window is the Sprout Gold Trust discount premium ratio. And so a Sprout Gold Trust is actually you can buy physical gold to do this trust. And so the middle window there shows the premium and discounts what you can buy for. And right now anything below minus 2 going back to 2018 you're at a short term low for GDX. Wow. That's pretty cool. Okay. That's the red lines, all those dotted red lines across there and the blue lines are times when you get above zero. And I just, as you're speaking to him, I just put up the Bloomberg with it and live right now it's minus 2.396%. Okay, cool. I got it. Nice. Wow. Right, right. So I bought some options. It's probably a way to look closer to the low here. So usually this is pretty close to the lows. Not saying the exact day of the lows, but you're normally in the vicinity. So if you look at GDX and all those red lines, you can see where they came in at. It came in the October low pretty good. Came in that looks like a June low, maybe a July low of last year. The one in the previous year didn't work out, but they worked out about 80, you know, better than 80% of the time. It picked out the it got down to like minus 3% below. So, you know, if you get these crashes, this premium thing's pretty good. Yeah, this is great to know, man. That's pretty wild. Yeah, pretty cool. Yeah. Yeah, so actually if you go back and look in that shaded pink area there, that stayed below minus 2 for like six months. So I'm thinking that was a significant a big one. Yeah. A big one because the sentiment was so bearish at that time, even though the market rallied, nobody believed it was going to go anywhere. So I'm thinking that was a major low that probably won't be tested for years. And you know, it's amazing too, Tim and folks, is that when people get bearish on gold, they really get bearish, man. Yeah. You know, this chart, you know... Yes. No, that's why I'm digging it. Right. Yeah, if the market rally is now, it ain't going to go very far and they just kept rallying. Yeah. And pretty much I think the market is significant near midterm low, or actually I think it's a longer term low, I think. And some indicators, yeah, here I have flipped to chart 6. Okay, here we go. I got it. The monthly, okay, the bottom window is the weekly cumulative advanced decline for GDX. Yeah. Next window up is the cumulative advance or up-down volume for GDX. So it looks at the internals of what's going on in GDX. The gold stocks are in GDX. It looks, you know, how many are growing up, how many how much volume on the up stocks and all this other stuff. So you want both those squiggly lines trending up. And I put a Bollinger Band on them and normally when they're above a Bollinger Band you got a trend that's really going up and the bottom window is advanced decline. You're at the Bollinger Band right now but the next one up you're still way above or not way above but you're above the Bollinger Band as long as those two indicators on the weekly timeframe can stay above the Bollinger Band and I don't have this chart shown but the monthly really dictates really big trends. And I have a monthly chart of the cumulative advance decline and up-down volume and right now both those on the monthly timeframe are heading up but still below the mid Bollinger Band and once the monthly gets above the mid Bollinger Band it's really stable. It doesn't whip back and forth. So once it gets above Bollinger Band it's a lot of time it just stays above the Bollinger Band for months and sometimes years. So I like to have GDX market actually at least hold steady to not perform to the upside over the next probably about 30 days. The only reason why I'm saying 30 days it'll probably push the monthly cumulative advance decline and monthly up-down volume above their mid Bollinger Band and when you get that that pretty much is an all clear sign probably for at least over the next 12 months that the mark's going to be heading higher. So the weeklys are the year-me-at-term times it can give you a signal that could last you know several months but the monthlys can signal that you can get rise for the year or even longer and so I'm hoping that this month GDX remains relatively strong if not heading higher. We get a lot to look forward for in 2024 you got to love it. Yeah. Well Tim this is always a pleasure of course and you know folks you got something live here today man that's the bottom line and you got live as to why he wanted to you know basically thread this needle and then go long. Tim you have a great one safe one we look forward to speaking on Thursday. Okay man have a great one stay right there folks come right back. You see Tom O'Brien's award winning newsletter Market Insights your key to successful active trading. Tom O'Brien renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a season trader or just starting out Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights with a 30 day money back guarantee for all new subscribers so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award winning newsletter Market Insights firsthand. TFNN educating investors. To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30 day money back guarantee. If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. They must have tool for every trader out there striving to find an edge in today's markets. TFNN newsletters offer every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk free with our 30 day money back guarantee. Just visit the newsletters tab on the front page of TFNN.com TFNN educating investors. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks Dow. Dow is up freeing ASX down 262 S&Ps are off 39 and if we go over GBTC I mean this is going to be intriguing because when this started folks you know that the SEC lost the court case and they got to come back and give an answer but the SEC is actually going to be legal you can see this in GBTC it's only a minus 1.6 percent now when this started it was a minus 30 percent so you can see that trade just in itself pretty intense there's no doubt about that we look at XBT we look at Bitcoin itself you're going to see this actually popped over its highs and this is going to be out within the week from the SEC so we'll see where it's going to go it's up 1200 bucks right now 1226 and if the bottom line is if grayscale can turn that into a ETF for grayscale in particular it's going to be a big deal hundreds of billions of dollars and the aspect of the public buying because it's just not going to be grayscale that is going to end up doing this is three or four more the firms that are in there that are trying to get a spot ETF but if that's what they do get I just remember when the GLD came into existence they'll be more buying that's the bottom line because it's like this is one big casino folks that's the reality out here and if you can buy Bitcoin in a wrapper of an ETF for the hundreds of millions of investors out there that's just a lot easier to do that's what it comes down to so that is going to be out within the week and I believe that the deadline is going to be next Tuesday that's how this shakes out oh you remember folks the back of the bull can run you over and thank god there's always another trade health happens in prosperity safe night have a great 124 health happiness prosperity come back and visit Tommy tomorrow morning kicks us off 9am great show folks